Don't get me wrong I love the software, but I have one tenant, it's one condo, can't I just hand over a simple spreadsheet with all necessary tax documents to my accountant and call it a day?

Otherwise, look at the investment from a perspective of the basic annual cashflow and then determine if you would be able to gain any significant benefit from the depreciation or other tax benefits of the investment (speak to your CPA on that matter).  

There are also tax considerations, such as depreciation and IRS Section 121 Exclusion.

I found a good article here but hoping to get some real world feedback from Tax Experts or Lenders and references. 

I'd rather just take my lumps and pay the tax as I don't think tax rates are going down anytime soon so my capital gains tax on my profits are about as good as I'm ever going to be expected to pay. 

There is also appreciation (gentrification area for this one), debt pay-down, and tax benefits of owning it outside of the cash-flow. 

Property taxes can be found online and insurance is quoted over the phone.

Don't forget property taxes can be nearly 2X more for an investment property. 

Most often I'd hear people say:1) High taxes - but this can easily be reduced/eliminated by proper accounting and management.

If you read and understand the instructions for a 1040 tax form schedule e, you basically now understand how to make money renting out property.